Unit 1- Intro to BM
This type of business MUST share its financial documents with the public.
What is a Public-Limited Company?
This HRM theorist is known for his Reasons and Strategies to deal with Resistance to Change.
Who is Kotter? (John Paul Kotter).
This type of cost increases as output increases.
What is/are variable costs?
This orientation focuses on making the best product possible and allowing this quality to sell the product.
What is Product Orientation?
To calculate total costs for a Break-Even Chart, you need to know what two types of costs?
What are fixed and variable costs?
This business sector mostly utilizes the LAND Factor of Production.
What is the Primary Sector?
This type of organizational structure is ideal for companies with a diverse product portfolio.
What is Organization by Product?
This formula removes Inventory/Stock value in order to be calculated.
What is Quick/Acid Test Ratio?
This pricing strategy focuses on fully understanding your unit costs and then pricing your product/service accordingly?
What is Cost-Plus Pricing?
When a business function is returned to a home country, this is called...
What is Re-Shoring?
This internal stakeholder is mostly concerned with the EQUITY of a Private-Limited Company.
What is a Shareholder?
This Function of Management focuses on gathering resources to carry out plans/actions.
What is/are Controlling Managers?
The name of the cycle where cash comes in, is used for business activity, and then cash goes out again to continue operations is called the...
What is the Working Captial Cycle?
A business researching government publications to help them plan a marketing campaign is called what type of research?
What is Secondary Marketing Research?
This operations method involves all products starting and finishing at the same time, before a new product can start to be created.
What is Batch Production?
When one company requests to be absorbed into another, usually larger, company.
What is an Acquisition?
This HR intangible benefit gives employees a chance to change jobs to avoid boredom and monotony.
What is Job Rotation?
This number is needed to calculate both GPM and Profit Margin.
What is Sales Revenue?
In the 7Ps of Marketing, a vending machine is an example of which of the 7Ps?
What is Place/Distribution Channel?
You calculate Margin of Safety by understanding the difference between what two quantatiive data points?
What is Total Output/Demand and the Break-Even Quantity?
It benefits companies to become an MNC to avoid tariffs, quotas, and other trade barriers. Collectively, these are known as this. (Hint: P.P.)
What are Protectionist Policies?
This channel of communication occurs within the same level of hierarchy is a corporate structure.
What is Horizontal?
This source of finance is usually less than $50,000 and has little to no interest rates attached.
What is Microfinance?
There are only two SL calculations in Unit 4: Marketing, they are...
What are Market Share and Market Growth?
If costs go up but the price of a good/service stays the same, it will affect the Break-Even Point in what way.
What is Moving it up and to the left?